The Elements of Disaster

According to President Barack Hussein Obama "America is booming, but many are not feeling it," with the implication that is their fault.  We have to wonder how long Democrats are going to get away with these statements as the evidence is monumentally negative.

Mr. Obama claims the unemployment rate is "5.6%," or some such figure when 95 million of a 180 million person workforce is not working.  That is 53%, double the Great Depression making the entire of his term "The Greatest Depression."  It is covered by the fact the Obama Administration has found a way of covering it with lies and false statistics thanks to a complicitous press now afraid to report the truth for fear of being called "racist!" (gasp, bumpity-bump, body falling sound)  Consider more facts:

1. Industrial production has declined for nine months in a row. This is a qualification for the label "Depression."

2. U.S. commercial bankruptcies have risen on a year over year basis for seven months and are up 51% since September 2015.

3. The delinquency rate on commercial and industrial loans has been rising consistently for 18 months.  This is a very strong, negative indicator.

4. Total business sales in the United States have been in decline since July of 2014 while total business sales have been in decline for two years and continue apace.

Total business sales in the US in April to July 2014 dropped: 2.9% to $1.28 trillion, unadjusted seasonally, but the raw figures often prove more accurate than those "jiggered" by the Censuses Bureau. 

5. U.S. factory orders have been dropping for a year and a half.

6. The Cass Shipping Index has been falling on a year over year for 14 straight month.

7. U.S. coal production has dropped to the lowest level in 35 years due to conversions to cheaper and cleaner natural gas plus the EPA "Climate Change" attack.

8. Goldman Sachs proprietary tracker of the U.S. economy has fallen to the lowest level since 2008 and the onset of the Obama Presidency.

9. JP Morgan’s private “Recession Indicator System” has risen to the highest level in history and it is as much a measure as a predictor.

10. Federal tax receipts and state tax receipts usually both begin to decline entering a new recession and it is happening now.

11. The Federal Reserve’s Labor Market Conditions Index has been falling for nearly half a year!

12. The Labor Participation Numbers the Department of Labor  released last month were the worst in six years

13. According to Challenger, Gray and Christmas accountants layoff announcements at major firms are running 24% higher now than one year to date.

14. Online job postings on the business networking site LinkedIn have been declining steadily since February. 

15. The number of temporary workers in the United States started falling precipitously before the recession of 2001. The same thing happened just before the beginning of the 2008 recession.  The number of temporary workers peaked in December 2015 and has been in deep decline ever since.

Each of these is a small indicator, but the sum is an earth movement that no one can ignore in spite of the incapacity of our liberal major media to simply report the facts.  This is how a nation gets into so much trouble when it should not.  A national economy is like a bicycle, it can be very efficient, productive and fun, but it needs constant correction.  Such are the elements of disaster.

Adrian Vance